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Trading Calls: Buy Snowman Logistics, Wockhardt, TCS, Say Experts

The Nifty moved above its important psychological level of 9,550 ahead of expiry of June derivative contracts.
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Trading Calls: Buy Snowman Logistics, Wockhardt, TCS, Say Experts
The Nifty moved above its important psychological level of 9,550 ahead of expiry of June derivative contracts. The surge in today's session came after six days of selloff wherein the Nifty fell as much as 1.9 per cent. The benchmark Nifty got a sentimental boost after the Wall Street staged a sharp rally in Wednesday's session. Wall Street stock rallied sharply on Wednesday with the benchmark S&P 500 index scoring its biggest one-day percentage gain in about two months, as financial and technology stocks led a broad market rebound. Below are some trading ideas from market experts.

Ruchit Jain, equity technical analyst at Angel Broking

Buy Wockhardt Ltd with stop loss at Rs 554 for a target price of Rs 636 in 2-3 weeks

Buy TCS in the range of Rs 2,340-2,325 with stop loss at Rs 2,290 for a target of Rs 2,440 in 2-3 weeks

Lovelesh Sharma of Epic Research

Buy Cadila Healthcare on dips with stop loss at Rs 515 for a target of Rs 555 

Buy Snowman Logistics on dips with stop loss at Rs 58 for a target of Rs 67-73

Disclaimer: Investors are advised to make their own assessment before acting on the information.
 

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